Global Recreational Vehicle Market was valued US$ 43.76 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Increase in consumer spending on recreational and tourism activities are boosting the growth in the recreational vehicle's market. Growing recreational vehicle parks along with the introduction of several modified facilities for recreational vehicle owners to improve their camping experience are further consolidate the recreational vehicles business. The high cost associated with the acquisition and maintaining of the recreational vehicles are hampering the growth in the recreational vehicle market.
Global Recreational Vehicle Market is segmented into product type, application, fuel, and geography. Based on the product type, the global recreational vehicle market is divided into motorhomes, toy haulers, fifth wheels, destination trailers, and camping trailers. Application segment is classified into gasoline and diesel. Based on the fuel, the global recreational vehicle market is categorized into leisure activities and business activities. By region, the global recreational vehicle market is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Motorhomes segment is projected to account for nearly about XX% recreational vehicles market share in the global recreational vehicle market owing to it offers benefits such as enhanced interior space with services comprising beds, kitchen, sink, and bathroom. Manufacturers are focusing to provide it at lower interest rates along with cooler piloting and camping capabilities such as electric jacks and hooks supports the product proliferation.
Gasoline segment is expected to witness significant growth rate in the recreational vehicle's market over the forecast period. This growth can be attributed to the numerous benefits offered such as easier fuel availability, lower maintenance and acquisition cost. The lower emissions from the gasoline recreational vehicles accompanied by improved performance in high altitude and cold weather conditions are boosting the demand for gasoline recreational vehicles. It also supports with coupled capability such as superior power and speed capabilities which helps to support a positive outlook for the recreational vehicles market growth.
North America is expected to hold XX% market share in the recreational vehicle's market. This growth can be attributed towards growing demand of the recreational vehicles and high disposable income of the population which allows the consumers to invest in luxurious recreational vehicles. Rising consumer interests in touring and another recreational activities such as new destination exploration camping, sight-seeing is expected to present significant growth over the forecast period. North America and Europe are contributed to around XX% of the global recreational vehicle market.
The recreational vehicle market has boomed since its financial crisis low point. According to the recreational vehicle industry association, in 2017 more than 500,000 RVs were sold. The sales included nearly about 442,000 towable trailers and 63,000 motorhomes.
The key players operating in the Global Recreational Vehicle Market are Thor Industries Inc., REV Group Inc., Forest River Inc., Winnebago Industries Inc., Nexus RV LLC, Tiffin Motorhomes, Inc., Triple E Recreational Vehicles, and Dethleffs Motorhomes.
The objective of the report is to present a comprehensive analysis of the Global Recreational Vehicle Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Recreational Vehicle Market dynamics, structure by analyzing the market segments and project the Global Recreational Vehicle Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Recreational Vehicle Market make the report investor’s guide.
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Global Recreational Vehicle Market, by Product Type
• Toy Haulers
• Fifth Wheels
• Destination Trailers
• Camping Trailers
Global Recreational Vehicle Market, By Fuel
Global Recreational Vehicle Market, By Application
• Leisure Activities
• Business Activities
Global Recreational Vehicle Market, By Geography
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key players In Global Recreational Vehicle Market
• Thor Industries Inc.
• REV Group Inc.
• Forest River Inc.
• Winnebago Industries Inc.
• Nexus RV LLC
• Tiffin Motorhomes, Inc.
• Triple E Recreational Vehicles
• Dethleffs Motorhomes
• ADRIA MOBIL, d.o.o
• Erwin Hymer Group
• Lunar Caravans
• Northwood Manufacturing
• Nexus RV
• Pleasure-Way Industries Ltd.
• Heartland Recreational Vehicles, LLC
• Hymer GmbH & Co. KG
• Niesmann + Bischoff GmbH
• Forest River, Inc
• Coachmen RV, a Division of Forest River, Inc
• Palomino RV
• Hobby-Wohnwagenwerk Ing. Harald Striewski GmbH
• Tiffin Motorhomes Inc.
• Triple E Recreational Vehicles
• Westfalen Mobil GmbH
• Winnebago Industries, Inc.
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